legal marijuana News

Canada Gets Ready for Legalized Recreational Marijuana on Oct. 17

Mat Beren and his friends used to drive by the vast greenhouses of southern British Columbia and joke about how much weed they could grow there. Years later, it’s no joke. The tomato and pepper plants that once filled some …

Canada’s Intact Financial Not Planning to Insure Recreational Cannabis Industry

Don’t expect Intact Financial Corp., Canada’s largest property and casualty insurer, to insure the recreational-cannabis industry anytime soon. “It’s not seen as the pot of gold that we should chase after,” Chief Financial Officer Louis Marcotte said Tuesday at the …

Canada Delays Sales of Recreational Cannabis in Retail Stores as Legalization Looms

Canada’s largest province is delaying the launch of private marijuana sales in bricks-and-mortar stores until April 2019, nearly six months after the drug is legalized for recreational use. Ontario’s Progressive Conservative government said Monday it will start cannabis sales with …

Alaska Cannabis Festival Under Investigation for Allowing Pot Consumption

Organizers of an Alaska cannabis festival who allowed adult participants to consume pot in public are facing an investigation and possible fine. The director of the Alaska Alcohol and Marijuana Control Office will recommend a penalty for Alaska Hempfest, a …

Some Recreational Cannabis Products to Remain Banned Under New Canada Law

A key segment of Canada’s marijuana industry will remain banned for up to a year after the drug becomes legal for recreational use — making it harder for Justin Trudeau to kill off the black market. Edibles, beverages, and pot …

Canadian Health Insurers Reluctant to Provide Cover for Medical Marijuana

Sun Life Financial, Canada’s No. 2 insurer, recently started covering medical marijuana in its Canadian health insurance plan – more than 17 years after the country first legalized it. The coverage, which requires employers to pay a premium, extends only …

Canada’s Evergreen Pacific Insurance Corp. to Buy Natural Health Provider Synergy

Evergreen Pacific Insurance Corp. (EPIC), the Toronto-based financial-services holding company, announced it has signed a binding agreement to acquire a majority interest in Synergy Health Services, subject to completion of customary due diligence. Financial details of the transaction were not …

Canada Set to Legalize Recreational Marijuana

Canada is set to become the first Group of Seven nation to legalize recreational marijuana after a bill from Justin Trudeau’s government won the backing of the upper chamber. The Senate’s approval in a vote Tuesday night in Ottawa clears …

More Employers Adopting ‘Don’t Ask, Don’t Tell’ Policy for Marijuana Use

FPI Management, a property company in California, wants to hire dozens of people. Factories from New Hampshire to Michigan need workers. Hotels in Las Vegas are desperate to fill jobs. Those employers and many others are quietly taking what once …

Canada on Track to Legalize Marijuana

Canada’s marijuana legalization took a big step forward as the Senate passed an amended bill, meaning Justin Trudeau’s government can probably finalize the law and open the market in the next few months. Bill C-45 passed by a vote of …